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    Property profile & analytics

    2 Spg Ln Farmington, CT 06032-3306

    • Super regional malls
    • 9,090 SF
    • 2.50 lot acres
    OFF-MARKET
    Value Estimation
    $1,935,000
    Last Sale
    Aug 23, 2024
    $1,875,000
    Location Intelligence
    Property ID
    US15-1252098
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Galleria Restaurant / Pizza Restaurant / Italian Restaurant
    • Bristol Hospital Multispec Grp / Medical Clinic
    • Nobly Nails & spa / Nail Salon
    • Xclusive Ink III / Tattoo Shop
    • Studio E Salons / Beauty Salon / Hair Salon

    Property Details for 2 Spg Ln

    Year built
    2008
    Lot size
    2.50 lot acres
    Property size
    9,090 SF
    Zone code
    CR
    Property type
    Super regional malls
    APN
    FARM M:0126 B:6-17750002
    APU
    FARMM0126B617750002

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,875,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,930,000
      6.5%
      $1,825,000
      7%
      $2,025,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,000,000
      Geo Method
      $2,125,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,780,000
      Retail
      $2,125,000
      Mixed-Use
      $2,315,000
      Hospitality
      $2,255,000
      Educational
      $2,135,000
      Residential Income
      $2,225,000
      Energy
      $2,035,000
      Income-Based Land
      $1,995,000
      Food Service
      $1,780,000

    Location Insight

    • Map
    • Local Demand
    City
    Farmington
    County
    Hartford
    State
    Connecticut
    Longitude
    -72.874
    Latitude
    41.7064
    CBSA code
    25540
    CBSA name
    HARTFORD-WEST HARTFORD-EAST HARTFORD, CT METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $23,031
    $175,840
    $729,120
    $904,960
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      107,648 SF

      500 Ss Rd

      REGIONAL SHOPPING CENTER, MALL • 107,648 SF
      500 Ss Rd, Farmington, CT 06032
      View Details
    • Value Estimation by Request
      19,218 SF

      353 Scott Swamp Rd

      REGIONAL SHOPPING CENTER, MALL • 19,218 SF
      353 Scott Swamp Rd, Farmington, CT 06032-3448
      View Details
    • Value Estimation
      $480,000
      5,464 SF

      58 Farmington Ave

      REGIONAL SHOPPING CENTER, MALL • 5,464 SF
      58 Farmington Ave, Farmington, CT 06032-1722
      View Details
    • Value Estimation by Request
      177,000 SF

      500 Ss Rd

      REGIONAL SHOPPING CENTER, MALL • 177,000 SF
      500 Ss Rd, Farmington, CT 06032
      View Details
    • Value Estimation
      $670,000
      5,000 SF

      9 School St

      REGIONAL SHOPPING CENTER, MALL • 5,000 SF
      9 School St, Farmington, CT 06032
      View Details
    • Value Estimation by Request
      8,283 SF

      345 Colt Hwy

      REGIONAL SHOPPING CENTER, MALL • 8,283 SF
      345 Colt Hwy, Farmington, CT 06032-2567
      View Details

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      2.5 acre lot with 2,814 SF residential ranch home.
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      Land For Sale

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    Similar Nearby for Lease

    • Contact for pricing
      210,372 SF

      West Farm Shopping Center: Retail Space

      High-traffic Route 71, prime retail space available.
      1600 Rd, Farmington, CT 06032
      View Details
    • $16 SF/Yr
      19,776 SF

      Farmington Retail Center

      Prime Retail Space Available in CT
      353 Scott Swamp Rd, Farmington, CT 06032
      View Details
    • $22 SF/Yr
      2,400 SF

      Farmington Office Space For Sale

      Prime 2,400 sq ft office, 10 parking spaces.
      855 Farmington Ave, Farmington, CT 06032
      View Details
    • $18 SF/Yr
      939 SF

      Versatile Office Suite For Rent

      939 sq ft office suite suitable for various businesses.
      2 Forest Park Dr, Farmington, CT 06032
      View Details
    • $1,400 /Mo
      750 SF

      Farmington Retail/Office Space Available

      Retail or office space with high visibility and ample parking.
      979 Farmington Ave, Farmington, CT 06032
      View Details
    • $22 SF/Yr
      1,293 SF

      Retail Space in Farmington, CT

      Retail space available for lease in Farmington, Connecticut.
      1027 Farmington Ave, Farmington, CT 06032
      View Details
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    2 Spg Ln
    Farmington, CT 06032-3306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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